Metropolitan Nashville and Davidson County, TN - File #: BL2022-1112

• File #: BL2022-1112
• Type: Bill (Ordinance)
• Status: Passed
• File created: 1/28/2022
• In control: Planning Commission
• On agenda: 3/1/2022
• Final action: 3/1/2022
• Title: An ordinance authorizing the acquisition of an interest in a parcel of real property and approving the granting of an easement above and below the same parcel in connection with the development of a project located at 215 and 217 Third Avenue North. (Proposal No. 2022M-020ES-001).
• Sponsors: Freddie OConnell

Date	Action By	Action
3/3/2022	Mayor	approved
3/1/2022	Metropolitan Council	passed on third reading
3/1/2022	Planning Commission	approved
2/15/2022	Metropolitan Council	passed on second reading
2/15/2022	Transportation and Infrastructure Committee	approved
2/14/2022	Planning and Zoning Committee	approved
2/14/2022	Budget and Finance Committee	approved
2/1/2022	Metropolitan Council	passed on first reading

title
An ordinance authorizing the acquisition of an interest in a parcel of real property and approving the granting of an easement above and below the same parcel in connection with the development of a project located at 215 and 217 Third Avenue North. (Proposal No. 2022M-020ES-001).

body
WHEREAS, Rubicon Equities, LLC ("Rubicon"), by and through 215 Third Owners, LLC and 217 Third Owners, LLC, owns certain parcels of property located at 215 and 217 Third Avenue North (Parcel Nos. 09302315400 and 09302316300) (the "Property") adjacent to and on both sides of a portion of Banker's Alley (the "Alley); and

WHEREAS, Rubicon proposes to construct improvements on the Property and over a portion of the Alley, which will include a sky bridge over the Alley connecting the two new buildings and an underground parking structure spanning the Alley (the "Project"); and

WHEREAS, Rubicon proposes to convey its interest in the real property underlying the Alley to the Metropolitan Government with the quitclaim deed (the "Deed") attached to this ordinance as Exhibit 1; and

WHEREAS, pursuant to the terms of the document (the "Easement Agreement") attached to this ordinance as Exhibit 2, the Metropolitan Government proposes to convey an air-rights and subterranean easement to Rubicon to permit the construction, use, and maintenance of improvements above and beneath the Alley; and

WHEREAS, Rubicon has offered to pay to the Metropolitan Government the sum of $30,000 (the "Payment") as consideration for the transaction described in this ordinance; and

WHEREAS, it is in the best interest of the citizens of Nashville and Davidson County to approve the Deed and Easement Agreement described herein.

NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. The Deed substantially in the form of Exhibit 1 is hereby approved, and the Director of Public Property or designee is authorized to accept and record it.

Secti...